Add 'Portugal's Galp Plans to Start Producing Biofuels In 2025'

Portugal%27s-Galp-Plans-to-Start-Producing-Biofuels-In-2025.md

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+<br>LISBON, Dec 19 (Reuters) - Portugal's Galp [Energia expects](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) to begin [producing biodiesel](https://www.abnnewswire.net/companies/en/31347/%E0%B8%9A%E0%B8%A3%E0%B8%B4%E0%B8%A9%E0%B8%B1%E0%B8%97-Mission-NewEnergy-%E0%B8%88%E0%B8%B3%E0%B8%81%E0%B8%B1%E0%B8%94.html/4) and biojet fuel from waste in an industrial-scale unit it is [developing](https://www.businessnews.com.au/Company/Mission-NewEnergy) at its Sines refinery in 2026, the company, which is mostly an [oil manufacturer](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) and refiner, said on Thursday.<br>
+<br>Last year Galp entered into a 75%-25% [joint endeavor](https://pitchbook.com/profiles/company/51278-86) with [Japan's](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) Mitsui to invest 400 million euros ($415 million) in the [Hydrogenated Grease](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) (HVO) plant, which will have a [production](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) capability of 270,000 metric loads [annually](https://www.businessnews.com.au/Company/Mission-NewEnergy).<br>
+<br>It will change waste materials, such as utilized cooking oils, into sustainable [biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) and biojet fuel, likewise called [sustainable aviation](https://stocktwits.com/symbol/MNEL) fuel (SAF), using green hydrogen [produced](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) by an [electrolyser](https://www.abnnewswire.net/companies/en/31347/%E0%B8%9A%E0%B8%A3%E0%B8%B4%E0%B8%A9%E0%B8%B1%E0%B8%97-Mission-NewEnergy-%E0%B8%88%E0%B8%B3%E0%B8%81%E0%B8%B1%E0%B8%94.html/4) powered by wind or solar energy.<br>
+<br>Galp stated in a  it got on Wednesday the three reactors to [process](https://stocktwits.com/symbol/MNEL) biofuels, which will enable the [HVO unit](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) to "produce SAF and [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) in 2026 ... putting Galp at the forefront of establishing low-carbon services important for the energy shift".<br>
+<br>Galp is also [investing](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) 250 million euros in a 100 [megawatt](https://www.zoominfo.com/c/mission-newenergy/346542889) (MW) electrolyser unit to [produce](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) [green hydrogen](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) to power the [refinery](https://pitchbook.com/profiles/company/51278-86) in Sines. ($1 = 0.9637 euros) (Reporting by Sergio Goncalves